Bankwell Financial Group (NASDAQ:BWFG) Insider Ryan Jason Hildebrand Sells 2,246 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 2,246 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $66.74, for a total transaction of $149,898.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ryan Jason Hildebrand also recently made the following trade(s):

• On Wednesday, July 1st, Ryan Jason Hildebrand sold 1,088 shares of Bankwell Financial Group stock. The shares were sold at an average price of $58.48, for a total transaction of $63,626.24.

Bankwell Financial Group Stock Down 0.0%

BWFG stock opened at $67.50 on Wednesday. The company has a market cap of $537.94 million, a price-to-earnings ratio of 12.62 and a beta of 0.59. The company has a fifty day moving average price of $58.33 and a 200 day moving average price of $52.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. Bankwell Financial Group, Inc. has a 12 month low of $38.89 and a 12 month high of $69.59.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.23. The company had revenue of $32.78 million for the quarter, compared to the consensus estimate of $30.63 million. Bankwell Financial Group had a net margin of 19.80% and a return on equity of 14.19%. Sell-side analysts expect that Bankwell Financial Group, Inc. will post 5.7 earnings per share for the current year.

Bankwell Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Monday, August 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, August 10th. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Bankwell Financial Group’s dividend payout ratio is 14.95%.

Institutional Trading of Bankwell Financial Group

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Bankwell Financial Group by 585.0% during the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock worth $30,000 after acquiring an additional 585 shares during the period. BNP Paribas Financial Markets raised its holdings in Bankwell Financial Group by 38.8% during the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock worth $40,000 after purchasing an additional 314 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Bankwell Financial Group in the second quarter valued at about $63,000. Tower Research Capital LLC TRC lifted its position in Bankwell Financial Group by 523.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock valued at $72,000 after purchasing an additional 1,675 shares during the period. Finally, Assetmark Inc. purchased a new stake in Bankwell Financial Group in the 1st quarter valued at approximately $146,000. Institutional investors and hedge funds own 35.80% of the company’s stock.

Analysts Set New Price Targets

BWFG has been the topic of several recent research reports. Hovde Group boosted their price target on Bankwell Financial Group from $51.00 to $63.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods increased their price objective on Bankwell Financial Group from $62.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Zacks Research raised Bankwell Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings downgraded Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Finally, Wall Street Zen lowered Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Bankwell Financial Group has a consensus rating of “Buy” and an average target price of $67.50.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.